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Labrish
Nyuuz
AfDB, Kabale University open incubation center
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[QUOTE="Munyaradzi Mafaro, post: 70132, member: 636"] Kabale University has opened a business incubation center valued at 1.058 billion shillings with support from the African Development Bank and United Nations Development Programme to foster youth innovation and women-led enterprises across the Kigezi Sub-region. Vice Chancellor Joy Kwesiga explained that the facility emerged from discussions with former UNDP country representative Elsie Attafuah, who encouraged the institution to develop a refined proposal for converting student concepts and local innovations into sustainable ventures. The center will deliver entrepreneurship guidance, skills training, research commercialization and community outreach through combined equity and fee-based models designed to nurture startups toward financial independence. UNDP country representative Nwanne Vwede Obahor praised the university leadership for their collaboration while noting Uganda Development Bank's participation in a potato value chain program operating within the facility. Obahor expressed confidence that the incubation hub will serve regional students, farmers and small enterprises as Uganda pursues agro-industrialization targets under its fourth national development plan. Permanent Secretary Kedrace Turyagyenda indicated through a representative that the center addresses gaps between academic instruction and practical business development. [/QUOTE]
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Labrish
Nyuuz
AfDB, Kabale University open incubation center
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